((Read!)) How To Purchase ISX Stocks Through Warka Investment Bank...

[AAD]

How To Purchase ISX Stocks Through Warka Investment Bank


I Cannot In Good Conscience Keep This Thread Opened To Uninformed Investors. This Is To Remain Closed Until Warka’s Future Outcome Is Finally Resolved.

More Info: Warka Bringing A Lawsuit Against The Central Bank Of Iraq (http://www.investorsiraq.com/showthread.php?171125-Warka-bringing-a-lawsuit-against-the-Central-Bank-of-Iraq)


Last updated: 11/09/2010

[NOTE: Warka was the trend-setter but it is now not the only bank/broker in Iraq willing to do business with foreigners, I cannot provide you with broker requirements from other brokers as I don't do business with them. But please don't let that stop you from checking out the competition and doing your own due diligence. You may be interested in brokers like Al-Karmal LTD. (http://www.isx-karmal.com/) or any broker found at the official ISX site ISX-Iq.net (http://72.52.252.89/isxportal/portal/brokerListContainer.html), simply contact those brokers and follow their required procedures.

Please do not send your eMails to Mr. I or the wrong Warka department, doing so will result in the deletion of your correspondence.

“Emails directed to the non-related departments will be removed automatically by our web administrator noting that in accordance with our working procedures senior executive do not handle customer inquiries where it is important to direct your email to the related department at our bank.” – Mr. I - 10/25/2010.

Contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) for all ISX related concerns/inquiries.]

For information on selling ISX stock go to: How To Sell ISX Stocks Through Warka Investment Bank (http://www.investorsiraq.com/showthread.php?t=48302)

For information about companies and their current trade prices go to: ISX Company List (http://www.investorsiraq.com/showthread.php?148053-((Read!))-ISX-Company-List...)

---> If this is your first time trying to purchase ISX stocks, you will first need to follow the embassy certification procedures at the following link InvestorsIraq.com (http://www.investorsiraq.com/portal.php?pageid=isx) otherwise you will not be able to buy ISX stocks through your broker.

The requirements will include the following documents certified by the Iraqi Embassy or Iraqi Consulate in your country.

1) Your passport colored photo Copy and government/state ID colored photo Copy.

2) Your full address and contact details.

3) Three sample copies of your signature for verification.

The documents must bear the Iraqi Embassy seal and are to be sent to your broker's mailing address where it will be submitted to the ISX for verification and approval.

Warka Bank as your broker will handle your stock transactions through your Warka Bank account. To keep up to date about ISX company stocks (paid up/free capital shares) please visit the news section at Warka-Bank.com (http://www.warka-bank.com/news.php)


Starting November 1, 2009 trading days on the ISX will be Sunday to Thursday, the market will be closed Fridays. The pre-session period will start at 9:30 am Iraqi time, the main trading session will be two hours from 10 am to 12 pm Iraqi time. So make sure that you send your stock purchase requests a day before the ISX trading hours. Unlike sell orders, you will need to resubmit any unfulfilled buy orders, but wait for confirmation that they will put your buy requests into the ISX system. Keep in mind that in order to buy there must be sellers willing to sell you your desired shares, otherwise your order may not be fully bought or bought at all. Currently there is a minimum purchase requirement of 200,000 shares per company stock.

It may take about a week or more to get confirmation on the status of your ISX request. If your request was executed a confirmation email should include an attached Excel spreadsheet detailing exactly what was executed.


---> To easily keep track of your purchases and your stock profits or losses download the attached Zip file “ISX Stock Profit or Loss” at the bottom of this post. It includes an Excel file with self updating graphs that are only compatible with MS Office 2000 or higher versions. You can still use it with other Office versions or software, just simply delete the graphical boxes by clicking on their edges and pressing delete.

To use the “ISX Stock Profit or Loss” Excel spreadsheet simply fill in the orange/input columns accordingly with your stock info and the rest will be done for you. If you do not have MS Office software, you will need to download the free OpenOffice software that will allow you to view Excel spreadsheets, go to www.OpenOffice.org (http://www.openoffice.org/).


---> There's two types of forms that you may be able to use, the "ISX Proxy Purchase Request Form" if you are already an ISX investor, or the "Non-Proxy Purchase Request Form" for new and current ISX investors who have been certified. Please keep in mind that the "Non-Proxy Purchase Request Form" can only be used once you have submitted the required ISX foreign investor embassy certification document(s) and have been approved. So as stated earlier you will need to follow the embassy certification procedures at the following link InvestorsIraq.com (http://www.investorsiraq.com/portal.php?pageid=isx).

Download the appropriate ISX Proxy or ISX Non-Proxy purchase request form attached at the bottom of this post. Print it, fill it, sign it, scan it and save it as a PDF file. If you don't have a scanner, please go to your nearest copy/printing shop and they can help you save it onto a disk. Now send the PDF attached with your ISX purchase eMail request to: ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com)

Here’s an example eMail for an ISX Purchase request:


Hello,

Please note that attached to this eMail is an ISX purchase authorization PDF form to be executed.

Thank you,


> Below is an example of how the ISX Proxy Purchase forms are used:


I, __(Your Name)__ authorize Warka Investment Bank to withdraw approximately __(7,111,792)__ Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of __(Your Name)__ or until such time as __(Your Name)__ shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment Bank shall receive 2% in the form of commission at the time when shares are transferred into the name of __(Your Name)__.


1. Buy 150,000 shares from the company below:
Iraqi Middle East Investment Bank - BIME

2. Buy 51,459 shares from the company below:
Babylon Bank - BBAY

3. Buy 100,00 shares from the company below:
Bank Of Baghdad - BBOB

4. Buy 10,000 shares from the company below:
Commercial Bank of Iraqi - BCOI

5. Buy 1,500,000 shares from the company below:
Al-Wiaam for Financial Investment - VWIF

6. Buy 1,000,000 shares from the company below:
Al-Zawraa for Financial Investment - VZAF

7. Buy 200,000 shares from the company below:
Modern Construction Materials Industry - IMCM

8. Buy 700,000 shares from the company below:
Modern Paint Industries - IMPI

9. Buy 300,000 shares from the company below:
Modern Sewing - IMOS

10. Buy 800,000 shares from the company below:
National Chemical & Plastic Industries - INCP

11. Buy 400,000 shares from the company below:
National For Food Industries - INFF

12. Buy 900,000 shares from the company below:
National Household Furniture Industry - IHFI

13. Buy 500,000 shares from the company below:
Nineveh Food Industries - INFI

14. Buy 350,333 shares from the company below:
North Soft Drinks - INSD

15. Buy 100,000 shares from the company below:
Ready Made Clothes - IRMC

16. Buy 40,000 shares from the company below:
The Light Industries - ITLI

Total Dinars invested in 16 stocks = 7,111,792 Dinars.


Parties in full agreement, signed below.



_____________(Your Name)_____________ Date_____________
Legal Account Owner & Investor



_____________________________________ Date_____________
Warka Investment Bank Representative


__________________________________________________ ________________________

NOTE: Stocks you purchase might be held under the name of Warka Investment Bank's ISX proxy company. If you have submitted the ISX foreign investor embassy certification document(s), Warka will begin the process of purchasing/placing your stocks/shares under your name. If you are already an ISX investor you can keep your stocks under the name of Warka Investment Bank's ISX proxy company, until you are told otherwise by Warka Investment Bank. But you should consider beginning the embassy certification process now instead of later. Holding your shares by a proxy is a common safe practice in various stock markets throughout the world. You can contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) regarding any personal and important ISX issues.


ISX Tips


One of things to keep in mind is not to over analyze this investment and make it too complex.


• Keep it simple and track the things that matter to you.


• Keep note of the highest price amount you paid for your stock against it's current closing price, and make that the deciding factor if you will profit or lose with your stock, if you were to sell it.


• Hold on to the stock until you see the type of profits that are to your liking. Sell fully or partially only when good profits can be reached.


• Do some research on what stocks may likely be more profitable in the future, if possible check a companies historical rises/downfalls, and possible financial outcome. Banks are usually a good stock investment along with a few other crucial industries.


• Try not to make selling/buying decisions on impulse or necessarily on what you may hear in the media or forums.


None of the above is to be taken as financial or legal advice... - AAD


____________________________Important_____________ ________________

Whenever eMailing Warka Investment Bank for whatever important issue, do it around their business hours and preferably in the morning 8-11am Sun-Thurs Iraqi time. Never send them more than one email per day, just be patient for a response. Sometimes Warka Investment Bank may be very busy and what should normally take a few days, can take a week or more. If you also factor in any holidays in Iraq (and Germany if wiring funds) those can also delay the response process. Please don't drown them with eMails because this in the end will affect everyone's response time. Remember for common questions/tips you can always simply ask them here at the forum instead of eMailing Warka with non crucial questions. You can check the current Baghdad time before eMailing them: www.timeanddate.com/worldclock/city.html?n=27 (http://www.timeanddate.com/worldclock/city.html?n=27)



Contacting Warka Investment Bank


Below are the contact details of the related departments at Warka's Main Iraqi Branch that will handle your specific requirements and inquiries. Please direct your emails directly to the related department where a full response should be provided within 3 business days. Inquiries/emails directed to the wrong department will be automatically disregarded; emails sent over the weekend (Friday & Saturday Iraqi time) or on Iraqi holidays will also be disregarded.


For any information concerning opening an account at any Warka branch, please contact: C.Accounts@Warka-Bank-Iq.com


The contact details below are only for clients holding or wishing to hold accounts at the Main Branch.


For any general information you may need to ask, please contact: Info@Warka-Bank-Iq.com


For any information concerning opening CDs, wire transfer confirmations for clients whom do not have online access, exchanging funds for clients whom do not have online access, bank account statements, please contact: C.Services@Warka-Bank-Iq.com


For any information concerning online/e-banking, please contact: e-Bank@Warka-Bank-Iq.com


For any information concerning the Iraq Stock Exchange (ISX), please contact: ISX@Warka-Bank-Iq.com


Official Warka Investment Bank Website


www.Warka-Bank.com (http://www.warka-bank.com/)


I wish you the best of luck and prosperity...:wave:

[Goes4ever]

thank you, saving to my computer for future use! I thought they charged 2% to sell ?

[Virenque]

How can I choose limited price at which I want to buy a stock? This form is probably just for trading at market price?

[DrHow2]

This is a really interesting listing... I dont understand alot about how ISX works but I want to know more. I believe I would be a fool to only hold cash as I am currently doing. So if I can get some confirmation about how to accoumplish a successful ISX investment (I will summarize what I think is the process)

1. get warka account (not exactly sure how but will do it)
2. pick several stocks that I research and interest me
3. use warka order form and email them my choices
(50k shares per company minimum)
4. be patient for them to act as my agent and check spreadsheet to view my account
5. eventually submit the required ISX foreign investor embassy certification document to Warka (I assume this is easy enough)
6. if I read it right, it looks like alot of stocks are around 1.000 IQD/share


...this seems too simple please let me know what I am missing - thanks

[geowhiz]

This is a really interesting listing... I dont understand alot about how ISX works but I want to know more. I believe I would be a fool to only hold cash as I am currently doing. So if I can get some confirmation about how to accoumplish a successful ISX investment (I will summarize what I think is the process)

1. get warka account (not exactly sure how but will do it)
2. pick several stocks that I research and interest me
3. use warka order form and email them my choices
(50k shares per company minimum)
4. be patient for them to act as my agent and check spreadsheet to view my account
5. eventually submit the required ISX foreign investor embassy certification document to Warka (I assume this is easy enough)
6. if I read it right, it looks like alot of stocks are around 1.000 IQD/share


...this seems too simple please let me know what I am missing - thanks


Not missing a thing, that sums it up. Just have to be patient on the buy end.

[explorerhot]

Now that the ISX allows foreigners in the market, has any one updated there Stock request letters to request the stocks purchased in their own good name? The current letter

"(Your Name) authorize Warka Investment Bank to withdraw approximately (2,200,000) Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of "

authorizes Warka to purchase in proxy and deduct fees to do so. It only makes good business sense to them to continue to purchase through the proxy and collect fees when you buy and sell your stocks unless you tell them to you want the stocks in your name.

Has anyone used this current letter or this type of letter authorizing the proxy, but recieved shares in their names?

[explorerhot]

Now that the ISX allows foreigners in the market, has any one updated there Stock request letters to request the stocks purchased in their own good name? The current letter

"(Your Name) authorize Warka Investment Bank to withdraw approximately (2,200,000) Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of "

authorizes Warka to purchase in proxy and deduct fees to do so. It only makes good business sense to them to continue to purchase through the proxy and collect fees when you buy and sell your stocks unless you tell them to you want the stocks in your name.

Has anyone used this current letter or this type of letter authorizing the proxy, but recieved shares in their names?

What I was trying to say with this post was: Some people like myself, want the stock put in their name and have completed all requirements (certified copies and state dept and Iraqi embassy stamps). I have purchased stock months after completing all paper work and receiving confirmation from Warka that they have my stamped ,certified paperwork in their vault. There has been no indication that they purchased that stock in my name. This may be because I was still using the stock request form that mentions” Stocks are to be held by Warka Investment Bank in trust”(proxy). I was asking if others had still been using the template letter or one similar and had received notice that stock was purchased in their name. Having all my stock in my name is my goal and it no longer make sense to have Warka purchase in proxy and charge 1% if in order to transfer my stock to my name they will sell for another 1%, then buy back in my name for yet another 1% then eventually sell for once again for 1%. 1+1+1+1=4% verses buying in my own name for 1% then eventually sell for 1% 1+1=2%

Some people may want to continue with the proxy program, but I was trying to determine if there is a need to add an additional template letter for the people who have completed their paperwork requirements and no longer want to be charged the additional 2% for the proxy program, if in the end we will have too, or want too have the stocks transferred to our name.

[AAD]

Now that the ISX allows foreigners in the market, has any one updated there Stock request letters to request the stocks purchased in their own good name? The current letter

"(Your Name) authorize Warka Investment Bank to withdraw approximately (2,200,000) Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of "

authorizes Warka to purchase in proxy and deduct fees to do so. It only makes good business sense to them to continue to purchase through the proxy and collect fees when you buy and sell your stocks unless you tell them to you want the stocks in your name.

Has anyone used this current letter or this type of letter authorizing the proxy, but recieved shares in their names?

Hi ExplorerHot,

Please note that at the bottom of the "How to purchase ISX stocks" posts there are a few attachments. You can use the "ISX Non-Proxy Purchase Request Form (http://www.investorsiraq.com/attachment.php?attachmentid=4774&d=1198582597)", this was taken care of many many months ago for such non proxy purchasers.

Happy trading...:wave:

[HumbleGenius]

Does Warka / Mr I accept digital signatures on electronic correspondence for stock orders / requests? Does anyone have experience in doing this with Warka? Verisign??

[Myinvestors]

Currently, foreigners are not allowed to purchase stocks on the ISX. Accordingly, stock purchase must be done through a proxy, such that the purchase is not done in your name.

[birder]

Just thought I would let you know, new rules on the ISX mean that any new investor can't use the forms on this web site for buying stocks using a proxy buyer (eg Warka). You have to get various documents and 3 signatures authorised and registerd at the ISX before you can buy any stocks. I also believe that it involves a trip to the local Iraqi Consulate or Embassy but as I've not yet managed to complete the process myself, I'm a little in the dark.
If anyone knows more detail, perhaps they can help?

[HumbleGenius]

Just thought I would let you know, new rules on the ISX mean that any new investor can't use the forms on this web site for buying stocks using a proxy buyer (eg Warka). You have to get various documents and 3 signatures authorised and registerd at the ISX before you can buy any stocks. I also believe that it involves a trip to the local Iraqi Consulate or Embassy but as I've not yet managed to complete the process myself, I'm a little in the dark.
If anyone knows more detail, perhaps they can help?

http://www.investorsiraq.com/portal.php?pageid=isx

Sent my info to the Arab American COC yesterday. I expect it back in about two weeks. Signed sealed, registered, yada yada yada.\

At that point I will make copies for myself. Hopefully I can then scan the processed docs and send them to Mr. I with a digital signature and I am good to go. I then hope Mr. I will do the ISX registration of the docs on my behalf in the same manner he set up the proxy account for me. I may have to send the original but that is plan b.

Hope this helps, Good Luck and Good Investing

[NewIraqiDinar]

Dear Mr. X


Your login details will be provided accordingly.

Please note that as we have not received your original documentation our brokerage office has not registered your name in their files and you are kindly requested to send your original ISX documentation to our mailing address to be submitted to the ISX for verification, confirmation and approval. All non original copies have been declined by the ISX and they have requested for the originals to be submitted. (Not sure if this is just for his paperwork or all foreign investors)


Our mailing address is:

Warka Bank for Investment and Finance - Main Branch - Baghdad Iraq
International Foreign Relations Department - Attn: (Mr. I's full name here)
Watheq Square - Salman Faiq St. - Hay Alwihda - Sec. 902 - 14th St.

It is important to note that the transfer of stock ownership is a lengthy process and will take the whole of this year to firmly complete.

Enjoy the weekend and best regards,

Mr. I.
Deputy Managing Director
Senior Executive
International Affairs

[HumbleGenius]

"All non original copies have been declined by the ISX and they have requested for the originals to be submitted."

Thanks NID, :handshake: You saved me some time already.

HG

[smoke and mirrors]

can anyone tell me where i can look at each ISX stock price

[Chaka]

stock prices found www.isx-iq.net

nicely put together info but it is not a requirement to buy stock thru Warka..it should be noted that over the years IIF members have made it the easiest route


don't want anyone to be misled- you are free to use any ISX broker you like but know that their processes and fees may be slightly different

[Chaka]

Currently, foreigners are not allowed to purchase stocks on the ISX. Accordingly, stock purchase must be done through a proxy, such that the purchase is not done in your name.

the official date for foreigners was actually a year +couple months before this post rendering the sbove post inaccurate at time it was made 10-1-08

[HumbleGenius]

stock prices found www.isx-iq.net (http://www.isx-iq.net)

nicely put together info but it is not a requirement to buy stock thru Warka..it should be noted that over the years IIF members have made it the easiest route


don't want anyone to be misled- you are free to use any ISX broker you like but know that their processes and fees may be slightly different

Chaka, I have been very satisfied from the service I have received from Warka so I am not necessarily looking for additional info on brokers. The fact is that I stumbled into dinar and then the isx just this past summer / fall and in regard to choosing Warka it definitely was the the easy path since I was not aware of other options. And it has worked for me. However, I beileve in the two options / Plan A and B way of doing things.

How does one find out about other brokers with the exception of the back alley conversations? Any list of brokers web pages, etc out there?

[War Eagle]

www.isx-iq.net,then click on brokers-gives you a full list of all isx brokers

[Chaka]

Chaka, I have been very satisfied from the service I have received from Warka so I am not necessarily looking for additional info on brokers. The fact is that I stumbled into dinar and then the isx just this past summer / fall and in regard to choosing Warka it definitely was the the easy path since I was not aware of other options. And it has worked for me. However, I beileve in the two options / Plan A and B way of doing things.

How does one find out about other brokers with the exception of the back alley conversations? Any list of brokers web pages, etc out there?

As time goes on and IIF continues to grow- new members may believe Warka is the only option...which it is not. No attempt to direct investors elsewhere was made nor intended.

Information on other brokers is found on the ISX website.
www.isx-iq.net

It is a page EVERYONE invested in the ISX should visit and be familiar with. Look around because there is plenty of information about brokers, company capital, companies trading and not trading, ISX laws ,past trading session results etc

One thing it is lacking is more properly presented listing of splits-

[HumbleGenius]

Once again in my great mastery of the english language I was not clear.:cheeky-smiley-025: In my case I have become pretty familiar with the link you reference. As a matter of fact that is the first page I go to Sun, Tue and Thur. I am familiar with the brokers list however I do not want to send my email out to 20 different brokers without getting info on them first. (yes, the chicken before the egg quandry) I would rather know about them before they know about me.

I am looking for web pages of the brokers so I can look them over before I give them an email address to start spamming me with. All the isx provides is email addresses.

Does anyone have any info on these brokers outside of what is listed on the ISX page?

Thanks, HG

[Chaka]

due to the lack of volume there is little incentive to incur additional expenses at this time. This goes along with the additional translations that would be needed for English and other foreigners

Here are a few outside of Warka
isx-aman.com (site not maintained recently-)
isx-karmal.com
rabee securities.com

[HumbleGenius]

Thanks for the input

[AAD]

As time goes on and IIF continues to grow- new members may believe Warka is the only option...which it is not. No attempt to direct investors elsewhere was made nor intended.

Information on other brokers is found on the ISX website.
www.isx-iq.net (http://www.isx-iq.net)

It is a page EVERYONE invested in the ISX should visit and be familiar with. Look around because there is plenty of information about brokers, company capital, companies trading and not trading, ISX laws ,past trading session results etc

One thing it is lacking is more properly presented listing of splits-

Chaka I fully agree, but I'm sure the main reason most of us started with Warka was because they were the one's that welcomed us foreigners first and mostly with ease (at least that's how I felt about it at the time).

I'm sure now that the years have past Warka has good competition out there who are also welcoming foreign investors. But I just don't have the time or energy to post all of their required info, so folks please know that you can post info/procedures for any competitor freely here (or on any "How-to" topic). I'm all for competition, I would have no problem recommending Isx-Karmal.com (http://www.isx-karmal.com/index_en.html) as they seem to be doing a good job (though I'm not a customer I know some who are)...:yes:

[spongebob]

Thanks for all that great info. Is 2% to sell a lot? I wonder how they compare to others as far as "commission".

I just recently began my processing of using Warka as my 'broker' to buy stocks. So far so good. I scanned and emailed all my documents to them and have received an email from Mr. I.

Is anyone making any money on their investments so far?

[ordinaryseawoman]

Hi Everyone--I sent authorization to purchase paid shares but haven't received a response yet...anyone have a good email addy for someone at Warka? Also how's the response time with them lately? I've been out of the loop for a while... THANKS! :nod:

[Seaview]

Hi Everyone--I sent authorization to purchase paid shares but haven't received a response yet...anyone have a good email addy for someone at Warka? Also how's the response time with them lately? I've been out of the loop for a while... THANKS! :nod:

Send to :-

Mr I - ifrd@warka-bank-iq.com

cc. - Mrs G - isx@warka-bank-iq.com

Response usually within 24 hours for paid up share requests.

[ordinaryseawoman]

Send to :-

Mr I - ifrd@warka-bank-iq.com

cc. - Mrs G - isx@warka-bank-iq.com

Response usually within 24 hours for paid up share requests.

Thanks Seaview--I had the email for Mrs. G and sent it out Sunday...haven't heard anything yet so I sent it again and included Mr. I. I'm sure I'll hear something in the next day or so. Thanks again! :wave:

[onlinetrading]

Hi,
Can anybody tell me from where i can get the ISX stock price !:nod:

[cubsblow]

i hold dinar in cash. how do i get it into a warka account if I open one?

[AAD]

Hi,
Can anybody tell me from where i can get the ISX stock price !:nod:

Use the link below and go to the link next to the (Electronic Trading Bulletin) words, to see the companies that traded that day and at what prices...

http://www.investorsiraq.com/showthread.php?p=431058#post431058


i hold dinar in cash. how do i get it into a warka account if I open one?

You can use the link below then go to the the bottom of the first post and download the mailing instructions. Please know the risks in mailing currency through the mail, though many have succeeded in doing so without problems (the risk is also posted near the top of the post at the link below)...

http://www.investorsiraq.com/showthread.php?p=431863#post431863

[AAD]

I would like to know more baout this ISX stocks. ThanksPlease search for "ISX Stocks" topics using the site's search feature, there's vast information about the ISX...:wink:

[Albus Dumbledore]

It's been exactly one week since my documents to enter the ISX arrived at Warka. When can i expect to hear from them? Will they email me?

[24mm exposed grid]

It's been exactly one week since my documents to enter the ISX arrived at Warka. When can i expect to hear from them? Will they email me?

Mine took three weeks.

I chased it after two, and it was a week later before they confirmed all was OK. My papers went through shortly after they went to e-trade and the delay was put firmly down to staffing shortcomings at that time within the ISX.

I wouldn't worry, the way things are going lately, the delay is probably a blessing in disguise for you. :thinking:

[Albus Dumbledore]

Mine took three weeks.

I chased it after two, and it was a week later before they confirmed all was OK. My papers went through shortly after they went to e-trade and the delay was put firmly down to staffing shortcomings at that time within the ISX.

I wouldn't worry, the way things are going lately, the delay is probably a blessing in disguise for you. :thinking:

Ok that's what I thought. Thankyou :handshake:

[Albus Dumbledore]

It's been more than a week since my documents to get into the ISX arrived at Warka. I tried emailing them at ISX@Warka-Bank-Iq.com and no response yet. Should i wait a couple more days or is there a better email address to use? Just want to make sure im contacting the right department for this.

[RoyalBeluga]

It's been more than a week since my documents to get into the ISX arrived at Warka. I tried emailing them at ISX@Warka-Bank-Iq.com and no response yet. Should i wait a couple more days or is there a better email address to use? Just want to make sure im contacting the right department for this.

Perhaps your emails are written in invisible ink :tongueout:

[MarkyMarc21]

Hey guys, long time no see!

I've been in IIF for years, however Being in the military has Limited my Access to information aside from Occasional Checking in and reading emails on Stock Splits in ISX.
I've had my account at warka for several years as well as my first stocks

I WANT... I WANT to purchase more ISX stocks.

The big Question is** can I Wire more Money to WARKA via Citibank Swift
Fund my Warka Account and Send Auth Letters for Purchase of more Stocks, BEFORE* (yes "BEFORE") Sending in my ACC Arab Chamber of Commerce/ Embassy Documents?

----
If its possible, I'd really like to purchase more stocks, Before I send my ACC/Embassy Documents......all before my deployment Autumm-Winter 2010. :surprised:

Help and Advice KINDLY REQUESTED :sweating:from MORE THAN just 1 (ONE) Member..... Help request from my Old Buddies who been members since '04, '05, '06,...maybe '07.

I'd like to get answers Before Saturday, as my US Navy life is Busy this time of year.


Thanks and "Viva the REVAL! and ISX!"

Your Old Time pal, Markymarc (mm3-conv, US NAVY)

[Albus Dumbledore]

Hi i have been offically certified today to buy stock in the ISX. Since I am new I use the non-proxy purchase request form correct? Now can I submit the buy order like so.....Purchase ____________ Dinars worth of stock in each of the companies below:


Banking Sector:

1) Babylon Bank- 300,000 Dinar

2) Bank of Baghdad - 500,000 Dinar

3) Dar es salam Bank - 1,500,000 Dinar

4) Al Warka Bank - 300,000 Dinar

Services Sector:

5) Al-Badia for General Transportation - 2,000,000 Dinar

6) Mamoura Realestate - 600,000 Dinar

7) Iraqi Land Transport - 2,300,000 Dinar

Industry Sector:

8) National Chemical Industries - 800,000 Dinar

9) Al-Mansour Pharmaceuticals - 600,000 Dinar

Hotels Sector:

10) Karbala Hotels - 1,500,000 Dinar

In other words I don't want to specify one specific amount of Dinar for each sector. Because the prices for the minimum amount of 200,000 shares will vary and that's all im looking to buy right now. Anything im missing?

[Crow]

Hi i have been offically certified today to buy stock in the ISX. Since I am new I use the non-proxy purchase request form correct? Now can I submit the buy order like so.....Purchase ____________ Dinars worth of stock in each of the companies below:


Banking Sector:

1) Babylon Bank- 300,000 Dinar

2) Bank of Baghdad - 500,000 Dinar

3) Dar es salam Bank - 1,500,000 Dinar

4) Al Warka Bank - 300,000 Dinar

Services Sector:

5) Al-Badia for General Transportation - 2,000,000 Dinar

6) Mamoura Realestate - 600,000 Dinar

7) Iraqi Land Transport - 2,300,000 Dinar

Industry Sector:

8) National Chemical Industries - 800,000 Dinar

9) Al-Mansour Pharmaceuticals - 600,000 Dinar

Hotels Sector:

10) Karbala Hotels - 1,500,000 Dinar

In other words I don't want to specify one specific amount of Dinar for each sector. Because the prices for the minimum amount of 200,000 shares will vary and that's all im looking to buy right now. Anything im missing? Not for each sector just for each stock you want to purchase, keeping the number of different stocks to be purchased at 3 to 5 at first, keep it simple. Good luck!

[Kickabuck]

Hi i have been offically certified today to buy stock in the ISX. Since I am new I use the non-proxy purchase request form correct? Now can I submit the buy order like so.....Purchase ____________ Dinars worth of stock in each of the companies below:


Banking Sector:

1) Babylon Bank- 300,000 Dinar

2) Bank of Baghdad - 500,000 Dinar

3) Dar es salam Bank - 1,500,000 Dinar

4) Al Warka Bank - 300,000 Dinar

Services Sector:

5) Al-Badia for General Transportation - 2,000,000 Dinar

6) Mamoura Realestate - 600,000 Dinar

7) Iraqi Land Transport - 2,300,000 Dinar

Industry Sector:

8) National Chemical Industries - 800,000 Dinar

9) Al-Mansour Pharmaceuticals - 600,000 Dinar

Hotels Sector:

10) Karbala Hotels - 1,500,000 Dinar

In other words I don't want to specify one specific amount of Dinar for each sector. Because the prices for the minimum amount of 200,000 shares will vary and that's all im looking to buy right now. Anything im missing?


Congrats...feels good doesn't it!!! I would simplify it, use the canned letter :

I, Albus Dumbledore authorize Warka Investment Bank to withdraw approximately 520,000 Dinars from my IQD Savings Account # 123/456/7 to purchase stocks on my behalf. Stocks are to be held by Warka Investment Bank in the name of Albus Dumbledore. It is understood between the parties that Warka Investment Bank shall receive 1% in the form of commission at the time of purchasing said shares in the name of Albus Dumbledore . The following ISX stock purchases are to be executed on or around the trading day of Tuesday February 2nd 2010.


Purchase 520,000 Dinars worth of stock in the companies below:

1) Babylon Bank (BBAY) 1.20 @ 200,000 shares = 240,000 Dinar
2) Investment Bank of Iraq (BIBI) 1.40 @ 200,000 shares = 280,000 Dinar



Total Dinars invested in 2 stocks = 520,000 Dinars.

Parties in full agreement, signed below.



Albus Dumbledore _____________Date_02/02/2010____________
Legal Account Owner & Investor



________________________________Date_____________
Warka Investment Bank Representative


You then need to print that off, sign the paper, scan it, finally fax the pdf to Mr I. & Warka staff.

[Crow]

If it was me, I would buy Bank of Baghdad, Warka, National Chemical, Land transport and Al-Badia with the first order.

[Kickabuck]

If it was me, I would buy Bank of Baghdad, Warka, National Chemical, Land transport and Al-Badia with the first order.

It was only giving an example buttmunch :yelrotflmao:

I too would buy Land transport, Al-Badia, Warka. But give me Pharmacy & Nukhba as my other two :)

[Albus Dumbledore]

is it too late to submit right now for tomorrows trading session?

[Crow]

is it too late to submit right now for tomorrows trading session? Yeah, I would thinks so, but send it in, let it rip!:rock:

[Kickabuck]

is it too late to submit right now for tomorrows trading session?

Submit it...if it's too late, they will take it to the market on Thursday!

[Albus Dumbledore]

I sumbitted it thanks for the Help I really appreciate it :handshake:

[Kickabuck]

I sumbitted it thanks for the Help I really appreciate it :handshake:

Now, watch you online account...you did sign up for online banking right :biggrin:

You'll see the balances there change first, 12 hours later you'll get email from Mr. I/Warka isx :yes: Expect the email for your purchases in 2-4 days depending on where the weekend falls, no NOT submit a new order for the same stocks unless you're willing to double up your purchases...patience.

[Albus Dumbledore]

Now, watch you online account...you did sign up for online banking right :biggrin:

You'll see the balances there change first, 12 hours later you'll get email from Mr. I/Warka isx :yes: Expect the email for your purchases in 2-4 days depending on where the weekend falls, no NOT submit a new order for the same stocks unless you're willing to double up your purchases...patience.

7 hours after I submitted my buy order i received this email:

Thank you for providing us with your new stock order which will be executed as this Thursday’s trading session dated (4) of (February) 2010 and the purchase details will be provided once we complete our standard working procedures.

Best regards,

ISX Department
Warka Bank for Investment and Finance

WOOOOOOOO HOOOOOOOOOOOOO :clapping::clapping::clapping:

[chakkarchee]

It was only giving an example buttmunch :yelrotflmao:

I too would buy Land transport, Al-Badia, Warka. But give me Pharmacy & Nukhba as my other two :)

I can double yours and Crow's pick with one note of mine, Nat'l Chem is showing a lot of volatility on low or high volume, plus Chemicals have shown lots of profit this year, I have very good near term feeling on this stock, not to mention it has already tripled for me so far.:cash::cash:

[Kickabuck]

7 hours after I submitted my buy order i received this email:

Thank you for providing us with your new stock order which will be executed as this Thursday’s trading session dated (4) of (February) 2010 and the purchase details will be provided once we complete our standard working procedures.

Best regards,

ISX Department
Warka Bank for Investment and Finance

WOOOOOOOO HOOOOOOOOOOOOO :clapping::clapping::clapping:

NICE!!! Here comes the hard part...hope to fill 1/2 your orders, and expect to pay near the high price of the day. This market is wild, and you need to save about 30% cash reserves for paid up shares...especially if you're buying banks, most will be raising capital very soon, before June at the latest.

[Kickabuck]

I can double yours and Crow's pick with one note of mine, Nat'l Chem is showing a lot of volatility on low or high volume, plus Chemicals have shown lots of profit this year, I have very good near term feeling on this stock, not to mention it has already tripled for me so far.:cash::cash:

Like Crow would say...I own a little of that :biggrin:

I hope you're right chakkarchee, they produce :beer: right :yes: I guess the chemical part is cans & bottles :yelrotflmao:

[RoyalBeluga]

Thanks for good informative tips on stocks.In the UK markets, a penny stock (http://www.hototc.com/), or penny shares commonly suggests to a stock and shares in small cap companies. These companies with a market capitalization of less than £100 million and/or a share price of less than £1 with a put forward spread greater than 10%. Financial Services Authority (FSA) declares a standard regulatory risk warning about penny shares to the public who take part.

What is your point Mathew? :happy:

[24mm exposed grid]

What is your point Mathew? :happy:

I think we have someone here who would like to compare the ISX to playing penny stocks. He's not the first and probably wont be the last. :giggle:

[Albus Dumbledore]

Warka emailed my saying that my isx buy order would go to the market today, Feb. 4. I checked my Warka bank account but there was no deduction from my savings to puchase the shares. Does this occur later? or should they have already done it?

[anele]

Warka emailed my saying that my isx buy order would go to the market today, Feb. 4. I checked my Warka bank account but there was no deduction from my savings to purchase the shares. Does this occur later? or should they have already done it?
It's normally, a deduction from your account will occur in one or several days from the day of execution of the order. Also you can check ORDER HISTORY on ISX TRADING. You can see your executed order over there sooner than you will see a deduction of the account.

[Albus Dumbledore]

It's normally, a deduction from your account will occur in one or several days from the day of execution of the order. Also you can check ORDER HISTORY on ISX TRADING. You can see your executed order over there sooner than you will see a deduction of the account.

Well nothing on my Order History Tab. Guess I will have to wait until Sunday. :angry::angry::angry:

[Crow]

Well nothing on my Order History Tab. Guess I will have to wait until Sunday. :angry::angry::angry: Was Al-Badia and Land Transport part of this order?

[Albus Dumbledore]

Was Al-Badia and Land Transport part of this order?

Yes, as well as Warka, Bank of Baghdad, and National Chemical Industries :wink:

[RoyalBeluga]

Yes, as well as Warka, Bank of Baghdad, and National Chemical Industries.

Your signature is so true :yes:

[Crow]

Yes, as well as Warka, Bank of Baghdad, and National Chemical Industries :wink: A non Iraqi trade went through for each.:smiley:

[Albus Dumbledore]

A non Iraqi trade went through for each.:smiley:

:happy::clapping::party: I do not see a non Iraqi trade for National Chemical Industires. I will resubmit a new order for that one in the near future.

[Crow]

:happy::clapping::party: Pretty wild isn't it, if you got Al-Badia and Land Transport in Thursday's session you where the only foreigner! When you get confirmation let us know!

[orange bowl]

(Al-Badia and Land Transport) Does anyone know how many trucks they have in their fleet?

[24mm exposed grid]

Well nothing on my Order History Tab. Guess I will have to wait until Sunday. :angry::angry::angry:

If your trades were carried out on Thursday, they wont appear on your order history page until Sunday at the very earliest.

No need for the :angry::angry::angry:. You are buying in at a very fortunate time. The banking sector is at yearly lows. E-trade is fully implemented. Warka's transaction speed is the best it has ever been. We are no longer waiting two or three weeks to find out if a buy order went through, like back in the 'good old days' of the white boards.

Have some patience and don't fret, all will be OK.

[rick56]

where can I get a list of non-iraqi companies available to buy into and how do I find out if they are going to be trading on a given frade day

[Albus Dumbledore]

If your trades were carried out on Thursday, they wont appear on your order history page until Sunday at the very earliest.

No need for the :angry::angry::angry:. You are buying in at a very fortunate time. The banking sector is at yearly lows. E-trade is fully implemented. Warka's transaction speed is the best it has ever been. We are no longer waiting two or three weeks to find out if a buy order went through, like back in the 'good old days' of the white boards.

Have some patience and don't fret, all will be OK.

Thankyou for the info 24mm. With this investment I have learned to be very, very, VERY patient. Anyways, guess ill be drinking the time away until Sunday.:beer: O wait that's Superbowl Day. Guess I'll be drinking then too.:rofl:

[Albus Dumbledore]

I got my shares today. Can someone explain what this new broker/bank/share operations account is alongside my savings? It has a balance of zero do i need to fund it? Also Im reading over my shares amounts. Is the amount of shares i have under the quantity column, the deal amount, or the net deal amount? Im a little confused.

[DeonLee]

Thanks for this website. It is a page everyone invested in the ISX should visit and be familiar with. Pick stocks by making your own research and collect information about. When investing in stocks you should be aware of the industry the companies are in.